Category Archives: Africa Economy

WTO: US moves to block Okonjo-Iweala’s selection

The United States is moving to block Nigeria’s Ngozi Okonjo-Iweala selection as consensus candidate to lead the World Trade Organisation. Major news media organizations have earlier reported that key WTO ambassadors have given a node to the candidature of Okonjo-Iweala on Wednesday. However, the US it was learned is supporting the South Korean Trade Minister Yoo Myung-hee, who is Okonjo-Iweala’s

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Breaking: Okonjo-Iweala, is new WTO DG

Ngozi Okonjo-Iweala, Nigeria’s ex-finance minister and nominee for the office of the director-general of the World Trade Organisation, WTO,  has emerged winner of the highly competitive race. The former minister according to TheCable, polled 104 votes from 164 member countries to defeat her South Korea’s trade minister opponent, at the final stage of the race. She has broken many records,

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WTO: Okonjo-Iweala gets the support of 79 countries

Nigeria’s Ngozi Okonjo-Iweala has expressed confidence in her quest to lead the crisis-wracked World Trade Organisation after all of Africa backed her candidacy, vowing she would champion reform. She expressed her confidence in the race after she received news that the 55-member African Union would officially support her candidacy over her sole remaining opponent, Yoo Myung-hee of South Korea for

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Terrorists are taking advantage of the poverty in West Africa –ECOWAS Chair

The sitting Chair of the ECOWAS Authority and President of Ghana and Chairperson of the ECOWAS , Nana Akufo-Addo, says the operations of Al-Qaeda and the Boko Haram sects are of serious concern. In his recent statement, he made it clear that such operations of the insurgents were made possible by the growing poverty situation in West Africa. He also

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75 Nigerians rescued from the Sahara Desert

Nigerians numbering 75, of which 41 were women, including twin four-year-old girls, as well as four Togolese, three Ghanaians, and a Malian have been rescued in the Sahara Desert by the International Organisation for Migration(IOM). Those who left Nigeria the passed through the Nigerien transit town of Agadez, the main stepping-off point for African migrants trying to cross into Europe

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Naira Devaluation: Expert Predicts Rise In Debt Profile, Inflation

An expert of capital market, Prof . Uche Uwalaka who is a staff of Nasarawa State University, has said that the recent devaluation of the naira will lead to a rise in the debt profile of the country and banks in naira terms. The Don said a negative side effect of the devaluation was that it would shrink asset values

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Buhari Rejoices As Review Committee Clears Adesina's Name Off Ethical Misconduct

President Muhammadu Buhari has issued a congratulatory statement to the African Development Bank (AfDB) President, Akinwunmi Adesina following his exoneration by an independent review panel from 16 allegations of ethical misconduct levelled against him as the chief executive of the AfDB and urged him to remain steadfast in pursuing the goal of the institution. were on Tuesday excited, following the

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Buhari Rejoices As Review Committee Clears Adesina’s Name Off Ethical Misconduct

President Muhammadu Buhari has issued a congratulatory statement to the African Development Bank (AfDB) President, Akinwunmi Adesina following his exoneration by an independent review panel from 16 allegations of ethical misconduct levelled against him as the chief executive of the AfDB and urged him to remain steadfast in pursuing the goal of the institution. were on Tuesday excited, following the

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Breaking: the President of Burundi is Dead!

Burundian President Pierre Nkurunziza has died of heart failure, the government said Tuesday. The announcement was made by the Government of the Republic of Burundi. The death which occurred on June 8, 2020 is said to have followed a heart failure. An evangelical who believed he was chosen by God to rule the East African nation, Nkurunziza came to power

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Trade Centre Launches Online Tool For Small Business

International Trade Centre (ITC) and the Amsterdam University of Applied Sciences have launched the first free online tool to provide analyses of more than 630 of Africa’s business-to-consumer marketplaces. The Africa Marketplace Explorer addresses the lack of comprehensive information about marketplaces in more than 50 countries in Africa. ‘’This comprehensive set of data provides an important contribution for understanding how

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